Notes to Accounts of Alchemist Realty Ltd.

Mar 31, 2015

1. Advances includes amount given to various parties amounting to '1247.14 Lac (Previous year Rs.1230.12 Lacs) in respect of property to be purchased/ acquired in due course of time. The matters relating to these advances for acquiring properties is sub judice.

2. Advances include amount given to various parties amounting to Rs. 1830.12 Lacs (Previous year Rs.1829.98 Lacs) process in respect of transfer of title of land is in progress and necessary sale deeds have not been executed so far in favour of the company.

3. An Amount of Rs.1887.92 Lacs(Previous year Rs.1887.91 Lacs) was given to various parties on account of franchise fees and other expenses for acquiring rights of Realogy Corpn. Inc USA for their brand (Century 21 ) which is recoverable in due course of time from its subsidiary century 21 properties India Pvt . Ltd. as and when the rights are transferred to it.

4. Export debtors of merchant trade transactions amounting to ' 14171.29 lacs are overdue for more than nine months. The Company has extended credit from time to time as per market practice. Regular follow up is being done to recover the amount. The management is confident of recovery and hence no provision is considered necessary.

5. Contingent Liabilities not provided for

Particulars Current Previous Year Year

Bills Discounted with bank since not realized Nil Nil

Bank Guarantees/Counter Guarantee issued Nil Nil

c) Estimated amount of contract remaining to be executed Nil Nil

Letter of Credit un-expired Nil Nil

6. Segment Reporting(AS 17)

The company has only one reportable primary segment i.e. sale/purchase of Construction equipments and materials and development/consultancy of real estate and hence no separate segment disclosures made.

7. Related Party Disclosures

As per Accounting Standard 18, the disclosure of transactions with the related parties are given below.

(i) List of related parties with whom transactions have taken place.

S. Name of the Related Party Relationship No.

1 Alchemist Hill Resorts Limited Subsidiary

2 Century 21 Properties India Private Limited Subsidiary

3 Alchemist Airways Private Limited Associates

4 Alchemist Limited Associates

5 Alchemist Foods Limited Associates

6 Alchemist Touchnology Limited Associates

7 KDS Corporation Private Limited Promoters

8 Alchemist Media Limited Associates

9 Technology Parks Limited Associates

10 Ms. Kaajal Aijaz Key Managerial Personal

Disclosure in Respect of Material Related Party Transactions during the year:

8 Managerial Remuneration Paid to Kaajal Aijaz Rs. 25.96 (Previous Year Rs.44.50 Lacs)

9 Inter Corporates Loan Paid to Alchemist Hill Resorts Private Limited Rs. 115.11 Lacs(Previous Year Rs. 94.52 Lacs) and Century 21 Properties India Private Limited Rs. 606.01 Lacs(Previous Year Rs. 264.00 Lacs)

10 Inter Corporates Loan Received from KDS Corporation Private Limited Rs. 18973.51 Lacs(Previous Year Rs. 16447.00 Lacs) and Technology Parks Limited Rs. 9683.00 Lacs (Previous Year Rs. 9683.00 Lacs)

11 Revenue from Operation from Alchemist Limited Rs. 19.06 Lacs (Previous Year Rs. 19.76 Lacs )

12 Reimbursement of Expenses include from Alchemist Food Limited Rs.0.88 Lacs (Prev. Year Rs. 0.94 Lacs), Alchemist Limited Rs. 10.79 Lacs (Prev. Year Rs. 18.52 Lacs)Alchemist Touchnology Limited Rs. 7.37 Lacs (Prev. Year Rs. 14.18 Lacs), Alchemist Media Limited Rs. Nil(Prev. Year Rs.3.88 Lacs).

13 Dividend paid to KDS Corporation Private Limited Rs. Nil (Previous Year Rs.33.67 Lacs)

14 Hire charges paid to Alchemist Airways Pvt. Ltd. Rs. 55.69 Lacs (Previous Year Rs. 53.81 Lacs)

15 As per Accounting Standard-28 impairment of Assets, the company has assessed the conditions of all assets used in its operation and is of the opinion that there is no impairment of assets, hence no provision was made.

16 In the opinion of the management current assets, loan and advances are of the value stated, if realized in the ordinary course of business.

17 Assets Taken on Operating Lease

Some of the office premises has been taken on operating lease for a period less than 10 years and are generally renewable at the option of the lessee. The lease Agreements have an escalation clause for renewal of lease. There are no Sub-Leases and leases are generally cancellable in nature.

18 Disclosure of Micro and Small Enterprises(Creditors)

The company is in the process of compiling information from the suppliers regarding their status as Micro/Small Scale Enterprises, so as to disclose the information as required by MSMED Act and Schedule VI of the companies Act relating to Micro, Small and Medium Enterprises. In the absence of confirmed information about the suppliers, it is practically not feasible to state the amount payable to them as on 31st March, 2014.

19 The Balances of debtors and creditors, loan and advances are subject to confirmation and their pending reconciliation. Such balances are reflected in the balance sheet as appearing in the books of accounts.

20 The Ministry of Corporate Affairs, Government of India, vide General Circular No. 2 and 3 dated 8th February 2011 and 21st February 2011 respectively has granted general exemption from compliance with section 212 of the Companies Act, 1956, subject to fulfillment of conditions stipulated in the circular. The Company has satisfied the conditions stipulated in the circular and hence is entitled to exemption. Necessary information relating to the subsidiary is disclosed in the consolidated financial statements.

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Mar 31, 2014

1 Contingent Liabilities not provided for

Particulars Current Year Previous Year

Bills Discounted with bank since not realized Nil Nil

Bank Guarantees/Counter Guarantee issued Nil Nil

Estimated amount of contract remaining to be executed Nil Nil

Letter of Credit un-expired Nil Nil

2 Segment Reporting(AS 17)

The company has only one reportable primary segment i.e. sale/purchase of Construction equipments and materials and development/consultancy of real estate and hence no separate segment disclosures made.

3 Related Party Disclosures

As per Accounting Standard 18, the disclosure of transactions with the related parties are given below.

(i) List of related parties with whom transactions have taken place.

S.No. Name of the Related Party Relationship

1 Alchemist Hill Resorts Limited Subsidiary

2 Century 21 Properties India Private Limited Subsidiary

3 Alchemist Airways Private Limited Associates

4 Alchemist Limited Associates

5 Alchemist Foods Limited Associates

6 Alchemist Touchnology Limited Associates

7 KDS Corporation Private Limited Promoters

8 Alchemist Media Limited Associates

9 Technology Parks Limited Associates

Ms. Kaajal Aiiaz Key Manaoerial Personal

Disclosure in Respect of Material Related Party Transactions during the year:

1 Managerial Remuneration Paid to Kaajal Aijaz (Previous YearRs. 24.66 Lacs)

2 Inter Corpoates Loan Paid to Alchemist Hill Resorts Private Limited Rs. 94.52 Lacs(Previous Year Rs. 81.00 Lacs) and Century 21 Properties India Private Limited Rs. 264.00 Lacs (Previous Year Nil)

3 Hire Charges paid to Alchemist Airways Private Limited (Previous Year Rs. 123.35 Lacs)

4 Revenue from Operation from Alchemist Limited (Previous YearRs. 53.65 Lacs)

5 Reimbursement of Expenses include from Alchemist Food Limited Rs. 0.94 Lacs (Prev. Year Rs. 4.04 Lacs), Alchemist Limited Rs. 18.52 Lacs (Prev. YearRs. 24.89 Lacs) Alchemist Touchnology Limited Rs. 14.18 Lacs (Prev. Year Rs. 10.91 Lacs), Alchemist Media LimitedRs. 3.88 Lacs(Prev. YearRs. 6.27 Lacs).

6 Dividend paid to KDS Corporation Private Limited (Previous Year Rs. 33.67 Lacs)

5 As per Accounting Standard-28 impairment of Assets the company has assessed the conditions of all assets used in its operation is of the opinion that there is no impairment of assets, hence no provision was made

6 In the opinion of the management the current assets, loan and advances are of the value stated, if realized in the ordinary course of business.

7 Assets Taken on Operating Lease

Some of the office premises has been taken on operating lease for a period less than 10 years and are generally renewable at the option of the lessee. The Agreement have an escalation clause. There are no Sub-Leases and leases are generally cancellable in nature.

8 Disclosure of Micro and Small Enterprises(Creditors)

The company is in the process of compiling information from the suppliers regarding their status as Micro/Small Scale Enterprises, so as to disclose the information as required by MSMED Act and Schedule VI of the companies Act relating to Micro, Small and Medium Enterprises. In the absence of confirmed information about the suppliers, it is practically not feasible to state the amount payable to them as on 31 st March, 2014.

9 The Balances of debtors and creditors, loan and advances are subject to confirmation and their pending reconciliation. Such balances are reflected in the balance sheet as appearing in the books of accounts.

10 The Ministry of Corporate Affairs, Government of India, vide General Circular No. 2 and 3 dated 8th February 2011 and 21st February 2011 respectively has granted general exemption from compliance with section 212 of the Companies Act, 1956, subject to fulfillment of conditions stipulated in the circular. The Company has satisfied the conditions stipulated in the circular and hence is entitled to exemption. Necessary information relating to the subsidiary is disclosed in the consolidated financial statements.

11 Disclosure As per Clause 32 of Listing agreement with the stock exchanaes

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Mar 31, 2013

1 Segment Reporting(AS 17)

The company has only one reportable primary segment i.e. real estate sale purchase and development and hence no separate segment disclosure made.

2 As per Accounting Standard-28 impairment of Assets the company has assessed the conditions of are assets used in its operation is of the opinion that there is no impairment of assets, hence no provision was made

3 In the opinion of the management the current assets, loan and advances are of the value stated, if realized in the ordinary course of business.

4 Assets Taken on Operating Lease

Some of the office premises has been taken on operating lease for a period less than 10 years and are generally renewable at the option of the lessee. The Agreement have an escalation clause. There are no Sub-Leases and leases are generally cancellable in nature.

5 Disclosure of Micro and Small Enterprises(Creditors)

The company is in the process of compiling information from the suppliers regarding their status as Micro/Small Scale Enterprises, so as to disclose the information as required by MSMED Act and Schedule VI of the companies Act relating to Micro, Small and Medium Enterprises. In the absence of confirmed information about the suppliers, it is practically not feasible to state the amount payable them as on 31st March, 2013.

6 The Balances of debtors and creditors, loan and advances are subject to confirmation and their pending reconciliation. Such balances are reflected in the balance sheet as appearing in the books of accounts.

7 The Ministry of Corporate Affairs, Government of India, vide General Circular No. 2 and 3 dated 8th February 2011 and 21st February 2011 respectively has granted general exemption from compliance with section 212 of the Companies Act, 1956, subject to fulfillment of conditions stipulated in the circular. The Company has satisfied the conditions stipulated in the circular and hence is entitled to exemption. Necessary information relating to the subsidiary is disclosed in the consolidated financial statements.

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Mar 31, 2012

1.1 70,40,100 of Rs. 10/- each out of issued,subscribed and paid up share capital were alloted as Bonus (70,40,100) Shares in the last five years by capitalisation of Securities Premium, which are sub divided from face value of Rs. 10/- to Rs. 2/- per share.

1.2 6,36,000 of Rs. 10/- each out of the issued,subscribed and paid up share capital were alloted on (6.36.000) conversion/ exercise of warrants on preferential basis to promoter group company M/s KDS Corporation Private Limited, which are subdivided from face value of Rs. 10/- to Rs. 2/- per share.

37,00,000 of Rs. 2/- each out of the issued,subscribed and paid up share capital were allotted on (37,00,000) conversion/exercise of warrants and issuanceof bonus share thereon on preferential basis to promoter group company M/s KDS Corporation Private Limited.

1.3 9,94,000 of Rs. 10/- each out of the issued,subscribed and paid up share capital were allotted on

(9.94.000) conversion/exercise of warrants on preferential basis to non promoter companies, which are subdivided from face value of Rs. 10/- to 21- per share.

2 CONTIGENT LIABILITIES NOT PROVIDED FOR

Particulars Current Year Previous Year

Bills Discounted with bank since not realized Nil Nil

Bank Guarantees/Counter Guarantee issued Nil Nil

Estimated amount of contract remaining to be executed Nil Nil

Letter of Credit un-expired Nil Nil



3 SEGMENT REPORTING (AS 17)

The company has only one reportable primary segment i.e. real estate sale purchase and development and hence no separate segment disclosure made.

Disclosure in Respect of Material Related Party Transactions during the year:

1 Hire Charges paid to Alchemist Airways Private Limited (Previous Year Rs. 90.06Lacs)

2 Revenue from Operation from Alchemist Limited (Previous Year Nil)

3 Reimbursement of Expenses include from Alchemist Food Limited Rs. 4.81 Lacs (Previous Year Nil), Alchemist Limited Rs.17.45 Lacs (Previous Year Nil) AlchemsitTouchnology Limited Rs.12.26 Lacs (Previous Year Nil), to Relative to KMP Rs.1.35 Lacs (Previous Year Rs.1.29 Lacs), Alchemist Media Limited Rs.3.26 Lacs (Previous Year Rs. 3.07 Lacs)

4 Dividend paid to KDS Corporation Private Limited (Previous Year 31.34 Lacs)